Business, 30.12.2021 09:00 ely093

Assume that you are part of the accounting team for Koller Computing. The company currently expects to sell 700 units for total revenue of $17,500 each month. Koller Computing estimates direct materials costs of $3,150, direct labor costs of $4,200, variable overhead costs of $2,100, and variable selling and administrative costs of $1,050. The company also expects fixed costs of $4,000, which includes fixed overhead and selling and administrative costs. Using this information, complete the contribution margin income statement shown below. Kindly select which of the two is the correct answer in the sales colum as well as input the correct $ values in the corresponding columns

Sales $
a. Less: variable cost b. Less: Fixed Cost $
b. Contrubution margin b. Gross margin $
a. Less: variable cost b. Less: Fixed Cost $
Operating income $

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Assume that you are part of the accounting team for Koller Computing. The company currently expects...

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